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CFD Brokers 

Broker
Status
Vote Rating
Year
Reviews
Reliability Rating
icon
83%
17%
1993
-
icon
83%
17%
2012
-
icon
83%
17%
2019
-
icon
83%
17%
2006
-
icon
83%
17%
1996
-
icon
83%
17%
2010
-
icon
83%
17%
2018
-
icon
83%
17%
2007
-
icon
83%
17%
2016
-
icon
83%
17%
2009
-
icon
60%
40%
2015
-
icon
62%
38%
-
-
icon
62%
38%
2008
-
icon
62%
38%
-
-
icon
60%
40%
2018
-
icon
60%
40%
1982
-
icon
60%
40%
2010
-
icon
41%
59%
2022
-
icon
41%
59%
2015
-
icon
41%
59%
-
-
icon
41%
59%
1982
-
icon
41%
59%
2020
-
icon
41%
59%
2021
-
icon
21%
79%
2001
-
icon
21%
79%
2013
-
icon
21%
79%
2022
-

Latest Reviews

Yura

My brothers, I’m unlucky, I always end up scammed like this. What doesn’t save me is the fact that they are tailor-made. Don't do like me or you won't make any money. Don't mess with Smart rVid.

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Arkady

I was an idiot and thought that this was a normal broker with whom I could make good money if I didn’t take too much risk, plus they promised me consultations so that I would feel confident. Therefore, I opened an account with $1000 at once to get wider leverage and better conditions. It turned out that there is nothing good there; the spreads are very wide, and at the moment of transactions there are hidden commissions that turn the profit into dust. In the end, I got tired and I submitted a withdrawal; it turned out that they were not going to give me the money until I paid the insurance of $500. Of course, I refused and they immediately gave me a ban.

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Vladislav

This is a very bad broker and you can’t trust him, he lures you in, I know from experience. He started calling me about a week ago and actively forced me to open an account with him, and this continued for 2 days until I agreed. They immediately demanded insurance fees from me, I refused to pay them and received an account ban, that is, the scammers simply stole my money for themselves and did not give anything back. I already contacted the prosecutor’s office and they said that these swindlers are sitting somewhere in another country.

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Grisha

The last time I trust a broker from the Internet is simply no good anymore. If others were simply cutting off my profit, this particular idiot didn’t even want to return the deposit. Not only did he constantly put a spoke in the wheels with his jumps in spreads, but then he also canceled withdrawal requests one after another without explaining the reasons. I tried to contact them in different ways, but apparently they no longer need what they have, they have already gotten through the roof.

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Andrey

I was seduced by registration in three countries and a solid website, everything at first glance looks very convincing. Therefore, I topped up the deposit. I was hoping to make good money, but it turned out that I donated my earned money to the afirists. When he received the first thousand from me, he immediately wanted more and began persuading me to give him more, without giving any objective reasons. They just demanded and that’s all, I naturally refused and put everything on the line, but I failed to take anything away.

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Arthur

I never managed to register even though I was really excited about it. I was very interested in what this swindler was offering there. As I understand it, the promo code is given only to those who are definitely ready for a replenishment. I just spilled it and lost my memory.

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All reviews

How CFD Brokers Work and Why Contracts for Difference are Better Than Other Instruments 

In simple terms, a Contract for Difference (CFD) is a derivative financial instrument. It allows traders to speculate on both rising and falling markets and profit from these movements. 

A Contract for Difference is created based on a real exchange-traded instrument, such as: 

  • gold,  
  • stocks,  
  • indices,  
  • commodities.  

The price of the CFD is determined by the quotes of the underlying asset. 

When a trader purchases a CFD, they do not gain ownership rights to the underlying asset (stocks, gold, indices, commodities). This is why CFDs are well-suited for speculation. The trader either gains a profit or faces a loss, without needing to manage ownership transfers or find depositories for acquired assets. 

A Contract for Difference always involves two opposite actions: 

  • buying and selling,  
  • selling and buying.  

It’s not possible to transfer CFDs (for example, to another broker account). This sets them apart from exchange-traded financial instruments. 

CFD trading is offered by CFD brokers. Additionally, forex instruments are available within their offering. It’s important to understand that currency pairs offered by retail dealers, brokers, and “kitchens” are essentially the same as CFDs. They adhere to the same rules. 

For instance, in retail forex, you cannot physically obtain and withdraw purchased currency. It does not exist as a physical entity. 

So, how are CFDs backed if they do not grant ownership rights, only allowing buying and selling? A contractual agreement is established between the buyer and the seller. Both parties agree on the price of the instrument, yet there is no actual backing. This is pure speculation. 

CFD Contracts: Choosing a Broker 

CFDs have no intrinsic value. They rely solely on intermediaries that offer trading with them. It’s preferable when a broker routes trades to liquidity providers. This means that clients from various brokers trade CFDs with each other on platforms. This minimizes the risk of being tricked. 

There are no CFD brokers in Russia as CFD contracts are prohibited in the country. They are not considered genuine financial assets. Therefore, traders seeking to trade CFDs need to look abroad. 

The best intermediary for CFDs is Interactive Brokers, a global leader in retail forex and derivative asset trading. They independently provide liquidity and supply it to smaller brokers. 

If a trader has a modest deposit, opening an account with Interactive Brokers might not be feasible. It might be too inconvenient and unprofitable due to the high minimums. For traders with limited funds (which is the majority), opting for smaller intermediaries is more suitable. However, it’s crucial to avoid falling victim to scams. 

Our CFD broker rating simplifies the search process. It provides insight into the qualities of a trustworthy intermediary. Consideration should be given to: 

  • Registration location.  
  • Range of CFDs offered.  
  • Trading conditions: leverage, spreads, commissions.  
  • Language of customer support.  

Most reliable international CFD brokers have stringent verification procedures in place. They verify a trader’s identity during the account opening process. If verification only occurs before withdrawal, it’s a sign of a “kitchen” broker. 

Our list of CFD brokers is regularly updated, featuring new intermediaries each day. Comprehensive profiles are available for each, from registration and reviews to trading account types. Find out who you can trust and who to avoid during peak trading times. 

CFD Brokers for Trading: Who Should Consider Them 

Contracts for Difference are specifically designed for speculation, allowing traders to profit from price differences in both upward and downward markets. Consequently, CFDs are primarily suited for speculators and traders. 

While it’s possible to invest in CFDs, it’s not particularly advantageous. CFDs do not behave like stocks; they do not provide dividends. Additionally, CFDs typically involve trading with leverage, and traders pay a rollover fee each night (swaps), which is generally negative. 

If you are interested in long-term investments involving contracts for difference, you might want to consider traditional exchanges. There, investors purchase ETFs, stocks, and bonds and hold them for years. CFDs are designed for rapid trading, often within a day or even an hour. 

The most popular CFDs are currency pairs. They are more volatile and liquid compared to other assets. CFDs on metals, indices, stocks, and other instruments are added to broaden the offering and attract more clients. 

Note: In Russia, you’ll mostly find currency pairs, which is sufficient for most speculative traders.